Wednesday, February 26, 2003
The DJIA closed just above 7800 today. There's been no volume for quite some time, due, I believe, to general malaise in the markets. Stocks are not good buys, many are overvalued. One I am particularly fond of is Marvel (MVL), which is the parent of Marvel comic books and also licenses their characters for movies like the current hit, DAREDEVIL and previous films, X-Men and Spider-Man. Marvel has plans for The Hulk and X-Men 2.0 this summer. The stock has doubled in price over the past 6-8 months, but looks like a huge winner. Carrying a forward p/e of roughly 25, it looks like a bargain, especially if they beat expectations, which I believe they will by a wide margin.
Posted by Rick at 5:58 PM